Cost sharing model. The District pays a stipend for contract/ regular unit members that includes medical, dental, life and disability insurance coverage.
Cost sharing model. If the Township adopts an 80/20 cost sharing model for a medical coverage plan year, employees who elect health insurance coverage will be required to pay 20% of the annual premium cost via payroll deduction. The Township will contribute up to the statutory-maximum amount of 80%.
Cost sharing model. If the Township adopts an 80/20 cost sharing model for a medical coverage plan year, Employees who elect health insurance coverage will be required to pay twenty (20%) percent of the annual premium cost via payroll deduction. The Township will contribute up to the statutory-maximum amount of 80%. In the event the default hard cap or 80/20 cost-sharing model is used, the Township shall modify the HCSP so that an additional one (1%) percent contribution is made by the Township on behalf of health plan enrolled Employees. The Union shall be permitted to change its required Employee contribution from two (2%) percent to a percentage to be determined by the union. The Township contribution shall be capped at three (3%) percent.
Cost sharing model. 3.1 The Parties hereby agree that the underlying principles that shall determine and dictate the Cost-Sharing Model provisions under this Agreement, and their application and implementation in practice, include the following:
